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Economy

Biggest banks to hold more capital: Yellen

United States Federal Reserve chair Janet Yellen has flagged the possibility of “the largest, most complex banking organisations” holding larger amounts of capital.

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CUA accused of breaching union agreement

Credit Union Australia has come under fire from the Financial Services Union for a “misleading” email that was sent to all staff on 16 April.

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Return of RMBS 'scary': Kohler

The return of the RMBS market in Australia is not being matched by the supply of new land to lend against funding and is driving property prices higher, according to Alan Kohler.

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BNZ appoints new CEO

National Australia Bank today announced that Anthony Healy has been appointed as managing director and chief executive officer of Bank of New Zealand (BNZ).

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Cash rate to remain steady to year end: RBA

The official cash rate is expected to remain unchanged at 2.5 per cent for the rest of 2014, according to the Reserve Bank.

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ING Direct calls for housing bonds

ING DIRECT has called for the development of fixed interest securities that would allow retail investors to participate in funding the Australian mortgage market.

mortgagebusiness
LIXI appoints new CEO

LIXI Australia has appointed Bruce Treloar as chief executive officer, effective 1 May 2014.

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Firstmac to expand Asian footprint

Independent non-bank lender Firstmac has signalled plans to tap into the Japanese market as the lender beefs up its funding capabilities in Asia.

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New entrants to 'erode' bank distribution

Major banks’ market share is being threatened by global and local heavyweights looking to capitalise on established distribution networks, according to JP Morgan.

mortgagebusiness
International investors flock to Aussie RMBSs

Overseas institutional investors are hungry for Australian residential mortgage-backed securities (RMBs) as one of the few functioning RMBS markets in the world, according to the Australian ...

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